Boston Trust Walden Corp Has $27.08 Million Holdings in UMB Financial Corporation $UMBF

Key Points

• Boston Trust Walden Corp has reduced its holdings in UMB Financial Corporation by 2.1%, now owning approximately 257,463 shares valued at $27.08 million.
• UMB Financial reported a significant quarter with $2.96 earnings per share, surpassing analysts' estimates and marking a 76.7% increase in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.40 per share, yielding 1.4%, with a dividend payout ratio of 18.39%.

Boston Trust Walden Corp cut its holdings in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 257,463 shares of the bank's stock after selling 5,468 shares during the period. Boston Trust Walden Corp owned approximately 0.34% of UMB Financial worth $27,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truist Financial Corp grew its stake in shares of UMB Financial by 0.5% in the second quarter. Truist Financial Corp now owns 20,426 shares of the bank's stock valued at $2,148,000 after acquiring an additional 97 shares in the last quarter. MAI Capital Management grew its stake in shares of UMB Financial by 14.7% in the first quarter. MAI Capital Management now owns 771 shares of the bank's stock valued at $78,000 after acquiring an additional 99 shares in the last quarter. OLD National Bancorp IN grew its stake in UMB Financial by 0.4% during the second quarter. OLD National Bancorp IN now owns 22,834 shares of the bank's stock worth $2,401,000 after buying an additional 100 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in UMB Financial by 4.1% during the first quarter. Crossmark Global Holdings Inc. now owns 3,784 shares of the bank's stock worth $383,000 after buying an additional 150 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in UMB Financial by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 9,298 shares of the bank's stock worth $978,000 after buying an additional 153 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Trading Up 1.9%

UMBF opened at $118.42 on Wednesday. The company's 50 day moving average is $118.83 and its 200-day moving average is $107.66. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.99 billion, a P/E ratio of 13.61, a PEG ratio of 1.19 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period last year, the company posted $2.16 EPS. The firm's quarterly revenue was up 76.7% compared to the same quarter last year. Equities research analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.4%. UMB Financial's dividend payout ratio (DPR) is currently 18.39%.

Insider Buying and Selling at UMB Financial

In related news, EVP Amy Harris sold 500 shares of UMB Financial stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $122.02, for a total transaction of $61,010.00. Following the sale, the executive vice president directly owned 7,285 shares in the company, valued at $888,915.70. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg M. Graves bought 234 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average price of $120.44 per share, for a total transaction of $28,182.96. Following the completion of the transaction, the director owned 38,034 shares in the company, valued at $4,580,814.96. This trade represents a 0.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Monday, September 29th. Cowen initiated coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They set a "buy" rating on the stock. Morgan Stanley increased their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Truist Financial increased their price objective on shares of UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Finally, Raymond James Financial increased their price objective on shares of UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $138.00.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.

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